Name

Fagen Inc.

Legal name

Fagen, Inc.

Website

https://fageninc.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Industrial EPC Construction Services

NAICS

Engineering Services (541330)

akta.pro primary industry

Wind Power Plant EPC (Onshore/Offshore) (EUAEAAAF)

akta.pro secondary industries

Wind Balance-of-Plant EPC (Crane Pads, Turbine Foundations, Internal Roads) (EUAEADAI), Biofuel Plant EPC, O&M & Process Technology Providers (EUAAAHAK), Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB)

Keywords

• Industrial EPC construction
• Ethanol facility construction
• Wind farm balance of plant
• Power plant construction
• Oilseed processing facilities

Headquarters

HQ city

Granite Falls

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D

Revenue model

1. EPC Project Services: Full EPC (Engineering, Procurement, Construction) wraps handling projects from conception to completion. Revenue generated through lump-sum fixed-price contracts for complete project delivery.
2. General Contractor Services: General contractor services adapting to specific project scopes regardless of size or complexity. Project-based revenue with scope-based pricing.
3. Maintenance Services: Maintenance division providing ongoing equipment maintenance services for industrial clients. Mobile units equipped for remote area project execution.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Fagen, Inc. is a leading U.S. EPC (Engineering, Procurement, and Construction) contractor delivering full EPC wraps, general contractor services, and ongoing industrial maintenance for power generation, ethanol, wind energy, and oilseed processing clients. The company self-performs all major crafts—civil, structural, mechanical, millwright, piping, electrical, instrumentation, and commissioning—using a direct-hire workforce of more than 10,000 skilled employees mobilized nationwide.

Product overview

Fagen Inc. is an EPC (Engineering, Procurement, and Construction) contractor offering a comprehensive portfolio of industrial construction services. The core offerings include Full EPC Wraps (handling projects from conception to completion), General Contractor Scope, and a Maintenance Division with mobile units. The company self-performs crafts including civil, structural, siding/insulation, mechanical/millwright, piping, electrical, instrumentation, and commissioning. Supporting sub-brands include Fagen Fabrication (pipe spools, control skids, control panels), Fagen Crane & Equipment (crane fleet and tools), Fagen Armor (branded merchandise), and a Career Advancement Program for training. The company serves diverse industries including power generation, ethanol, wind energy, and oil seed extraction.

Differentiator

Problem solved

Functional benefit

Brands

• Fagen Fabrication: Fabrication division providing pipe spools, control skids, and control panels for construction projects.
• Fagen Crane & Equipment
• Fagen Armor

Products and services

• Full EPC Wraps End-to-end Engineering, Procurement, and Construction (EPC) solutions handling industrial projects from conception through completion, leveraging more than 30 years of experience and self-perform craft capabilities for industrial and government clients.
• General Contractor Scope General contractor services tailored to specific project scopes, with capabilities to deliver results regardless of project size or complexity.
• Maintenance Division Services Ongoing industrial equipment maintenance services delivered through well-equipped mobile units and skilled field professionals capable of mobilizing anywhere in the Midwest, supported by tools, rigging, safety equipment, and consumables.
• Fagen Fabrication

Quantifiable outcome

• EMR improved from 0.86 (2023) to 0.80 (2025)
• +3 more outcomes

Named customers18 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Fagen FabricationcoreStrategic or Co-development PartnerInternal fabrication collaboration for pipe spools, control skids, control panels. Ensures quality craftsmanship and translates into time and cost savings for clients.
• Fagen Crane & EquipmentcoreStrategic or Co-development PartnerAlliance providing access to extensive fleet of cranes, vehicles, and tools essential for seamless project execution. Ensures right equipment at disposal.

Scale indicators8 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Burns & McDonnell: Large employee-owned engineering, architecture, and construction firm with deep power generation, transmission, and renewables practice. Comparable to Fagen on power plant EPC (natural gas, simple cycle, combined cycle) and on employee-owned governance model.
• TIC - The Industrial Company (Kiewit): Subsidiary of Kiewit focused on industrial and energy EPC. Broader incumbent with power, oil & gas, and renewables exposure; overlaps with Fagen on heavy industrial self-perform construction and craft-intensive projects.
• McCarthy Building Companies: Large US general contractor with industrial, energy, and renewables practice. Comparable self-perform craft model and overlaps with Fagen on solar, wind, and industrial process plant construction.
• Black & Veatch: Global employee-owned infrastructure EPC with strong power, water, and renewables practice. Competes with Fagen on power generation EPC and renewable energy construction, with broader geographic reach.
• Primoris Services Corporation: Public specialty contractor serving power, utilities, renewables, and oil & gas. Direct overlap with Fagen on utility-scale wind, power generation, and industrial process plant construction across North America.
• Quanta Services: Public infrastructure services holding company with significant renewable energy EPC exposure via Blattner. Competes with Fagen across wind, transmission, and industrial energy construction, with much greater scale and capital access.

Direct peers

• Mortenson Construction: Major US renewable energy EPC contractor with deep wind, solar, and energy storage experience. Mortenson is the closest direct competitor to Fagen in utility-scale wind BOP EPC and shares a self-perform craft model on multi-hundred-MW projects.
• Blattner Energy (a Quanta Services company): Pre-eminent US wind EPC contractor now operating under Quanta Services. Direct head-to-head competitor on wind BOP and full wind farm construction, with comparable self-perform craft capabilities and project scale.
• RES (Renewable Energy Systems): Global renewable energy EPC contractor with strong wind and energy storage practice. Direct peer in wind farm construction and balance-of-plant EPC, competing for similar developer clients and project scopes.
• Wanzek Construction (a MasTec company): Wind and heavy industrial EPC contractor operating as a MasTec subsidiary. Competes directly with Fagen on utility-scale wind BOP and industrial construction, with similar self-perform workforce model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fagen-inc.

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fagen Inc.